I don’t care how you spin or cut it. The fact remains and will remain that Obama has a very bad economic record on his watch. No, I won’t list all types of numbers, but just to give you some perspective, get this:
Of the 23 Monthly Unemployment Reports that were released during Obama’s first two years in the White House, 17 of them are 9.5% or above, and only one of them touches the 7% category. The bad news for this nation and Obama is that the President’s policies as have yet to generate economic growth today that should spur hope for jobs to arrive tomorrow.
President Reagan started out his first Unemployment number at 7.7%, similar to where Obama started at 7.7%. Then the rate rose to 10.8% almost two years later, in Nov-Dec 1982. At that time, GDP started to explode in record numbers, pushing down the UR from 10.8% after the midterm elections, to 8.3% twelve months later. Does anyone here think that the unemployment Rate in a year from now will be lower by 2.5 points as it dropped in 1983? I don’t think so. And THIS is why I say Obama’s economic legacy for his current term is doomed!
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